Catenaa, Tuesday, September 30, 2025- The Hong Kong Monetary Authority (HKMA) issued a stern warning against unapproved yuan-pegged stablecoins.
Confirming the warning it said that no licenses had been granted under the city’s new Stablecoin Ordinance, which came into effect August 1.
Authorities urged investors to verify claims before participating in the market.
HKMA emphasized that any issuance or promotion of yuan-linked stablecoins without official approval is illegal.
The regulator highlighted that the Stablecoin Ordinance mandates strict operational and transparency requirements for licensed issuers. The public was directed to consult the HKMA’s official register of authorized stablecoin operators, updated in real time under Article 21 of the ordinance.
The warning comes amid increasing global interest in stablecoins and digital finance. Officials confirmed active monitoring of trading activity and pledged enforcement against violations, citing potential penalties for unlicensed operations.
The authority stressed its commitment to financial stability and transparency as Hong Kong seeks to establish itself as a regulated hub for digital assets.
In July, HKMA launched its stablecoin licensing framework, releasing supervision guidelines for licensed issuers along with anti-money-laundering measures. Institutions were given deadlines for feedback requests and formal applications, signaling the regulator’s intent to enforce compliance while supporting legitimate market growth.
The latest statement reinforces Hong Kong’s focus on investor protection and market integrity amid growing speculative activity in digital currencies.
